By Anthony Silva, WBZ NewsRadio 1030

BOSTON (CBS) – Dunkin Brands was the star on Wall Street Wednesday, as its IPO generated more than half a billion dollars.

The Canton-based company says it will use the funding to pay down debt and finance expansion west, where Dunkin is a bit player with just 100 stores right now.

Senior Analyst Conrad Lyon at B. Riley and Company in Los Angeles says the company’s name may promote donuts, but it’s bread and butter moneymaker is coffee.

WBZ NewsRadio 1030’sAnthony Silva has more on the IPO


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s